Published: September 08, 2008
Expo Holdings, Inc. Increases Workforce as Unemployment Rate Hits 5-Year High of 6.1%
Expo Holdings, Inc. (PINKSHEETS: EXPH), a holding Company, which wholly owns D&D Displays, Inc., is pleased
to announce it plans to more than double its current workforce over the
coming months to meet growing demand for its retail displays.
As reported Friday, the National unemployment rate rose to 6.1%, the
highest level since September 2003. There were over 84,000 jobs lost in
August alone and 605,000 jobs total lost this year, according to the U.S.
Department of Labor. Expo Holdings is pleased to announce it plans to more
than double its workforce in the coming months. Currently, Expo employs
about 35 at its D&D Displays facility. Four additional employees should
start this week.
James D. Brown, Expo Holdings CEO, stated, "We are extremely pleased to be
able to provide our local economy with job growth in such hard times. Our
recent growth is directly tied to consumer spending, or a lack thereof. As
retailers scramble to attract customers, displays and marketing play a key
role in attracting this limited consumer spending. Expo currently
manufactures retail displays for a growing number of Fortune 500 companies.
Our growth has also gained us exposure with local government, including a
recent visit by Congresswoman Virginia Foxx. Later this week I will also be
releasing a letter to shareholders outlining where the company is and where
it is headed."
Read about Congresswoman Virginia Foxx's visit and comments at
http://www.foxx.house.gov/?sectionid=55&parentid=54§iontree=54,55&itemid=1265
About Expo Holdings, Inc.
http://www.expoholding.com
Expo Holdings operates in North Wilkesboro, NC. D&D Displays is a wholly
owned subsidiary of Expo Holdings, which specializes in custom cabinetry
and high end store fixtures for retail vendors such as Home Depot,
Newell-Rubbermaid, Inc., Bosch Tool Corporation, Kronotex USA, Black &
Decker, Westinghouse and Stanley.
This release includes forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 27E of the Securities
Act of 1934. Statements contained in this release that are not historical
facts may be deemed to be forward-looking statements. Investors are
cautioned that forward-looking statements are inherently uncertain. Actual
performance and results may differ materially from that projected or
suggested herein due to certain risks and uncertainties including, without
limitation, ability to obtain financing and regulatory and shareholder
approvals for anticipated actions.
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